Uncle Sam can't afford a strong economy
The feel-good story of 2013 could become a major headache in 2014. Here's how investors can begin to defend themselves.
In another bit of good news, the recent era of very low interest rates has enabled Uncle Sam to keep interest payments in check. Five years ago, the government was paying a roughly 4% interest rate on its debt. That figure has fallen by more than 150 basis points since then.
Are these guys on drugs or something ???
The economy is getting worse everyday and normal people are not able to make it
There is no saving the economy now
The regime has things so screwed up they're turning common sense into B.S. Wow! If you think this is bad wait till 2015 when obamacare really kicks in. Bye bye middle class.
Whenever I read a report from the CBO, I'm reminded of the joke about the business owner who was looking for an accountant. After interviewing several people who answered his question "How much is two plus two" as "Four" he finally found his accountant, whose answer was "How much do you want it to be?"
CBO projections are drawn on an etch-a-sketch.
So, if we can't afford a strong economy, we have the right guy as President???
Obama Media Minions spinning again for the gullible.
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[BRIEFING.COM] The S&P 500 (-0.1%) continues hovering right below its flat line with heavily-weighted sectors like financials (-0.2%), industrials (-0.1%), and technology (-0.5%) pressuring the broader market.
On the upside, countercyclical telecom services (+0.6%) and utilities (+0.7%) sport solid gains, but the two groups carry little influence over the broader market since they represent just 5.4% of the entire S&P 500. Meanwhile, the top-weighted sector-technology-accounts ... More
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